Attempts by the subsidiary of China Machine New Energy Corporation to get skilled labor from the labor market in Guatemala, have been unsuccessful.
A public call for national technicians trained to install boilers and high pressure auxiliary equipment, install turbines and ancillary equipment for them, assembly of special pipes for power plants, welding pipes for power generation as well as being a service technician for boiler temperatures, only had 20 candidates, who did not qualify for the positions offered.
That is the reason for the decision by the Ministry of Labour and Social Welfare (MINTRAB) of Guatemala, to authorize the hiring of foreign technical expertise for the construction of the coal based power plant in Masagua, Escuintla, which is believed to be the largest plant in Central America, capable of generating 300 megawatts.
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AEI announced today that it closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala.
AEI announced today that its wholly-owned subsidiary, Jaguar Energy Guatemala LLC (Jaguar Energy), closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala.
The intervention is part of a lawsuit filed by the Chinese company Machine New Energy Corporation, which is claiming a payment of $11 million.
The Sixth Civil Court of First Instance approved the intervention of Jaguar Energy Guatemala (JEG), a company that is building a power plant based on coal to generate 300 MW.
The Chinese construction company building a power plant for Jaguar Energy was fired for demanding additional payments of $1.5 billion.
In a similar story to what is happening in the Expansion of the Panama Canal, where the construction consortium is demanding payment for overruns of $1.6 billion, the construction of the power plant for Jaguar Energy in Guatemala has stopped, because the Chinese company China Machine New Energy Corporation (CMNC) "threatened to suspend the progress of the project if JEG did not accept their claim for over $1.5 billion, which represents three times the value of the construction contract."
Jaguar Energy Guatemala has decided to terminate the contract with the Chinese construction company responsible for the work for the generation of 300 Mw.
José Sarmiento, manager of JEG told Prensalibre.com that "the decision was made based on the same terms of the contract, and is the failure of the Chinese company to deliver the plant in operation in May 2013 and other arrears which have led to Energuate and its distributors (Deocsa and Deorsa) paying out $36 million to date. In total, the guarantees are $73 million."